Given the following cost information, solve for the optimal transportation cost: Use MODI MethodAt the third solution, what is the value of R3?At the third solution, what is the value of K3?How much is the cost of the third solution? Cost of transporting 1 load toPlantProjectProjectProjectProjectProjectProject PlantA BDEСараcityP50 P100 P150 100200505002001005050100200600Y150502002005015075010020010015050250650ProjectRequirement3004503504255004752500w/

Given the following cost information, solve for the optimal transportation cost: Use MODI Method At the third solution, what is the value of R3? At the third solution, what is the value of K3? How much is the cost of the third solution?

Given the following cost information, solve for the optimal transportation cost: Use MODI Method At the third solution, what is the value of R3? At the third solution, what is the value of K3? How much is the cost of the third solution?

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

ChapterC: Cases

Section: Chapter Questions

Problem 5.1SC: Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing...

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Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?
Solve the linear program developed in part (a), to determine the optimal production plan. Qty Produced Phillipines Mexico PT-100 PT-200 PT-300 Total Cost = $ (c) Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change to produce additional units of the PT-100 in the Philippines plant. If required, round your answer to two decimal digits. At least $ / unit. (d) Use sensitivity analysis to determine how much the production and/or shipping cost per unit would have to change to produce additional units of the PT-200 in the Mexico plant. If required, round your answer to two decimal digits. At least $ / unit.
Max 4A + 3B s.t. 1A <= 120 1B <= 90 2A + 3B <= 360 A,B >= 0 What is the optimal solution value for A?
Quantum Ltd. (QL) was created by a group of university students who completed film school and wanted to create feature films using Canadian locations and Canadian film crews. QL’s management team knows that there may be difficulties working in some locations due to terrain, weather, and availability of personnel trained to work in the film industry. As a result, QL is going to set up training programs to allow interested Canadians to take unpaid internships to shadow QL’s film crews and learn the trade so on a future film individuals can obtain paid positions. QL believes this will also give it an advantage in the film industry, as it will be creating an effective and efficient film-making team. QL’s office staff is working to prepare a film schedule including film topics, locations, and available film workers. QL feels it can pay competitive salaries to qualified personnel working on its films. The average feature film takes 90 days to complete, from storyboard creation to the final…
Tri-County G&T sells 150,000 MWh per year of electrical power to Boulder at $75 per MWh, has fixed costs of $82.5 million per year, and has variable costs of $25 per MWh. If Tri-County has 1,000,000 MWh of demand from itscustomers (other than Boulder), what will Tri-County have to charge to break even?
company sources from hundreds of suppliers and is considering the aggregation of inbound shipments to lower costs. The company decides to aggregate three suppliers per truck. The common truckload shipping order cost, S = $2020 per truck, along with supplier-specific order costs, s1 = $114, s2 = $90, s3 = $100 per pickup. Average annual demand from each supplier is, demand per product, D1 = 9160, D2 = 10216, D3=18466 units. Each unit cost per product is, C1 = $98, C2 = $87, C2 = $20, and the company incurs a holding cost of 19 percent. What is the optimal order frequency, if the company decides to aggregate three suppliers per truck?
Juliette loves to eat ice cream and spends a fortune each week buying it. In an effort to save money, she is considering making her own ice cream at home. The cost of an ice cream maker is $155 and the cost of ingredients is $4 for each 1.5 L batch. The cost of the same 1.5 L is $12 at the store. If she eats three litres of ice cream per month, will she save money by making her favourite treat at home? Assume the ice cream maker has a one-year warranty and breaks immediately after.Cost of making the ice creamCost of buying the ice creamBest option
If you have a third option for the data in Problem( Your options for shipping $100,000 of machine partsfrom Baltimore to Kuala Lumpur, Malaysia, are ( I) use a shipthat will take 30 days at a cost of $3,800 or (2) truck the pa rts toLos Angeles and then ship at a total cost of $4,800. The secondoption will take only 20 days. You are paid via a Jetter of creditthe day the parts arrive. Your holding cost is estimated at 30%of the value per year.a) Which option is more economical?b) What customer issues are not included in the data presented? )and it costs only $4,000 and also takes 20 days, what is your most economical plan?
Subj: Business/ Operations Management Scenario: John used the AirBnB platform to book a condo for his staycation with his family on Dec 17 in Cebu, but due to the typhoon Odette, he had to cancel on Dec 16. Because the cancellation was done within 48 hrs, he's no longer eligible for a full refund. He also missed to file a claim within 14 days due to power outage and loss of internet connection caused by the typhoon. 1. Identify the problems with Airbnb’s current refund process. 2. Provide at least three possible solutions and include the pros and cons for each suggested solution then choose the best solution based on your assessment. 3. What are the pros and cons of the current policy versus your proposed solution?
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Multipla choice: If the total cost of an item is $180 and its variable cost is $0, this cost can be described as: A. variable. B. semi-variable. C. fixed. D. all the above.
Homie Appliance Company operates a branch in Manila City. The following are transactions between the home office and branch for the current year. The home office sends P200,000 cash to the branch. Shipments to branch are billed at cost of P78,750. The Home Office pays branch expense of P3,500. Home office expense of 3,375 are paid by the branch. The branch returned merchandise costing P10,000 to the home office. Home office acquires branch furniture for P20,500 cash. The said fixed asset is carried on Branch Books. The annual depreciation on the branch furniture is 5%. The branch sends a P15,000 cash remittance to home office. Q1-What is the adjusted balance of Branch Current account in the Home Office Books? Q2-What is the adjusted Home Office Current account in the Home Office Books?